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32Red reports record revenues

6 Aug 2012

GIBRALTAR -- (PRESS RELEASE) -- The award-winning 32Red Online Casino is pleased to announce record-breaking revenues throughout the first half of 2012, its sixth successive six-month period of record revenues.

This overall performance reflects the continued high levels of trading at the company's flagship operation, 32Red Casino.

32Red Casino posted overall revenues (Gross Win) of GBP 14.5 million, which was up 52% on 2011. The Gross Win for the 20 days leading up to 20 July was, in addition, up by 28% on the corresponding period in 2011. This current performance is likely to see 32Red post revenues that are ahead of the current market expectations for 2012.

Adding to their success, 32Red have seen 18,724 new players join the online casino. This gave them a total of 31,722 active customers during the first half of 2012, which is an 81% increase from the same period in 2011.

The company also had an online poker revenue of GBP 600,000 in the first six months of 2012, the same amount as the first half of 2011, but up 20 percent from the GBP 500,000 earned in the second half of 2011. In the full year 2011 32Red's poker revenue increased 15% to GBP 1.06 million on the 2012 figure.

This continuously excellent performance reflects the quality of the service offered at 32Red Casino.

Players who sign up to 32Red Casino today are afforded instant access to over 450 of the best online casino games. For fans of online slot machines, 32Red offer a selection of over 250 five-reel and three-reel video slot machines in both the download and flash casino online.

Commenting on the performance, Ed Ware, CEO of 32Red, said: "The continued growth in revenues, particularly in light of strong comparatives, is testament to the strong new player recruitment resulting from more investment in our main market, the UK. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market.

"While we recognize the potential for economic and regulatory uncertainty across Europe, we look forward to further progress during the second half of 2012."

The Group will announce its full interim results on Wednesday, 5 September 2012.
 
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